This is optimal finance daily episode 1369.

Am I too old to invest with a Roth IRA and budgeting

in easier, smarter way, both by Philip Taylor of PT Money.com and I'm your host and

personal finance enthusiast Diana Mariam. This is the show where I

serenage you with the sweet sounds of personal finance knowledge from

some of the best blogs on the planet, with the author's permission of course.

And today we're actually highlighting two fantastic articles from PT money.

So let's get right to it and start optimizing your life.

Am I too old to invest with a Roth IRA by Philip Taylor of PT Money.com

I recently received this question from a reader about investing with a Roth IRA closer to retirement.

Quote, I am a public school teacher, 46 years old. I have a public employee pension that I contribute to and can begin collecting on once I retire.

I will also obviously have Social Security money. I have no credit card debt and have paid off all student loans.

I have some extra money to play with. I was wondering if it makes sense at 46 to open a Roth IRA now if I plan to retire in nine years

and will no longer have much income to invest in that

Roth.

Does nine years of say $3,500 a year into a Roth make much sense? That would leave me with very little extra spending money

during those nine years."

End quote.

Thanks for your question.

Congrats on a successful financial scene.

You've made great progress. This is a good question to be asking.

My short answer is yes, it's worth it. Even if you only invest half of that amount, you'll

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